Source: Insider Author: John Doe According to sources familiar with the matter, the issuance of a stablecoin in Hong Kong is planning to adopt an invitation-based application process.

BlockBeats News, July 19th, the Hong Kong "Stablecoin Regulation" will take effect on August 1, 2025, and will simultaneously launch stablecoin license applications. Two sources stated that this stablecoin issuer's license application process will not involve the applicant downloading the form themselves and submitting a unified written application. Instead, it will be arranged in a similar manner to an invitation-based application process.

The so-called invitation-based application process, as explained by one of the sources, means that at the operational level, the Hong Kong Monetary Authority responsible for regulating the issuance will pre-communicate with stablecoin license applicants to understand if they meet the basic application requirements. Only if basic approval is obtained during the pre-communication will the Monetary Authority issue the application form.